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Chandra Asri and Michelin detail synthetic rubber joint venture plans

3:59 AM MST | November 10, 2013 | Natasha Alperowicz

Chandra Asri (Jakarta) and Michelin (Clermont-Ferrand, France) have formed a joint venture, PT Synthetic Rubber Indonesia (SRI), to build a previously announced synthetic rubber complex. The facility will produce neodymium-catalyzed polybutadiene rubber and solution styrene butadiene rubber, both used in the production of green tires. The formation of the jv is a milestone in the agreement with Petrokimia Butadiene Indonesia, a subsidiary of Chandra Asri, which is currently building a 100,000-m.t./year butadiene plant at Cilegon, the first such unit in Indonesia...

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